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Are you in the best city for M&A and Advisory Associates?


New York, New York!

Unsurprisingly, pay for associates is far higher in New York and London than elsewhere. New York is offering the largest bonuses worldwide (80% of base salary vs. 58% for London). It is clearly a commitment from banks to junior staff to give them a flavour of their 70-100 hour weeks paying off!


London: a safer bet?

But base salaries are substantially higher in London: $132,000 at Associate level vs. lower base salaries for Milan at $92,000. Frankfurt comes in the third position: An example of well-balanced remuneration with bonuses representing 50% of base salary.


Despite still being fairly junior and not having a direct deal-making capability, Associates in New York are clearly being incentivised to support their team in bringing deals home through aggressive profit-sharing.


City Base SalaryBonus
New York $125,000$100,000
London$132,000$77,000
Frankfurt$108,000$54,000
Dubai$125,000$33,000
Paris$101,000$52,000
Singapore$115,000$38,000
Zurich$126,000$27,000
Milan$92,000$51,000
Madrid$98,000$40,000


madrid_milan_dubai_salary

Source: Emolument.com



RELATED:Which City Pays its Bankers the Best?

 

Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.


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